Is being offered 23% of a company an insult as a partner in a start up? I am responsible for building and designing the entire web app, coding the Frontend, backend, and digitizing all requirements for our proof of concept. My partner found me on LinkedIn. Its his idea, he will be running business functions, marketing, client onboarding, and he has a few real clients to do a trial run with. We’ve been working together for two months in a trial period and now we want to write up contract. How do I value myself?! ……This is my first start up !
Going into business with someone you don’t know is risky. Better check their background. Check their references. Also get stuff in writing. Also do equity —- earn it based on milestones. Besides the idea. Is the other putting in cash? Or bringing something else to the table? Need to deter in the value of each person contribution. Etc…